US President Trump demands the Federal Reserve to immediately cut interest rates: I understand Interest Rate better than Powell! US bond yield Interest Rate declines

US President Trump said at the World Economic Forum that he hopes to drop global oil prices, interest rates, and taxes, and will ask the Federal Reserve to immediately drop interest rates to push short-term US bond yields down and US stocks up. The sensitive 2-year short-term US bond yield fell to 4.26% after his speech. Although the tariff war that Trump may launch is still a hidden danger, the possible tax cuts and regulatory easing still inspired the US stock market. The Dow Jones index rose 408.34 points or 0.92% to close at 44,565.07 points. The Nasdaq index rose 44.34 points or 0.22% to close at 20,053.68 points. The S&P 500 index rose 32.34 points or 0.53% to close at 6,118.71 points. The Philadelphia Semiconductor Index fell 24.64 points or 0.45% to close at 5,444.65 points. Trump claimed that he understands interest rates better than Federal Reserve Chairman Powell. Next week, the Federal Reserve will hold an interest rate meeting. Although Trump said he will ask the Federal Reserve to cut interest rates, the Fed is still predicted to temporarily maintain interest rates unchanged, waiting to see further controlled or declining inflation before considering more interest rate cuts.